NOT LISTED FOR SALE

119 Farallon Ct Aptos, CA 95003

Rio del Mar Neighborhood

Estimated Value: $1,472,000 - $1,972,334

4 Beds
4 Baths
2,480 Sq Ft
$690/Sq Ft Est. Value

Last Sold August 04, 2015

Last sale price $995,500 $401 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $10,286/month

21 Days on Market

Highlights

  • Deck
  • Contemporary Architecture
  • 2 Car Attached Garage
  • Aptos High School Rated A-
  • Beamed Ceilings
  • Laundry Room

About This Home

As of August 2015

Vacation 365 days a year! Terrific duplex in peaceful cul de sac only 6 blocks from the ocean & Seascape Resort. Live in one side and rent the other unit out (@ $2,300 est. rents will pay approx. $450,000 of mortgage!), or terrific chance to share 1 side as a 2nd home w/ income in highly desirable Seascape! Spacious 2 bed units (approx 1,200 sq ft) feature: open beam ceilings, 1 car gar(s) spacious decks; 1 unit w/new carpet/int paint & deck, complete new exterior paint, income projected @ $2,300 per side

Last Agent to Sell the Property

Pat Simmons

Bailey Properties License #01211263 Listed on: 06/08/2015

Co-Listed By

Tyanne Scaletti

Bailey Properties License #01336421

Last Buyer's Agent

Paul Locatelli

Christie's International Real Estate Sereno License #01348436

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 6,839 Sq Ft Lot
  • Fenced
  • Drought Tolerant Landscaping
  • Grass Covered Lot

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shake Roof
  • Composition Roof

Interior Spaces

  • 2,480 Sq Ft Home
  • 2-Story Property
  • Inverted Floor Plan
  • Beamed Ceilings
  • Storage Room
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $55,200

Community Details

Overview

  • 2,480 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,400
  • Maintenance Expense $1,400
  • Utility Expense $1,320
  • Operating Expense $14,122
  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM-3
  • Subclass: Duplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2480
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range, Varies By Unit
  • Living Sq Ft: 2480
  • Stories: 2
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shake
  • Yard/Grounds: Deck, Drought Tolerant Plants, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: Inverted Floor Plan, Open Beam Ceiling

Schools

  • High School: 826

Lot Info

  • Lot Acres: 0.1570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6839.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6839.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.74
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1400
  • Expense Maintenance: 1400
  • Expenses Total: 14122
  • Expenses Utility: 1320
  • Income Annual Gross: 55200.00
  • Income Annual Rental: 55200
  • Income Gross Scheduled: 55200
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2020
Sold by
Hoffman Matthew B and Hoffman Jennifer L
Bought by
Heinlein Jennifer L and Heinlein Matthew B
Current Estimated Value
$1,696,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$905,000
Outstanding Balance
$801,638
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$909,946

Purchase Details

Closed on
May 18, 2020
Sold by
Heinlein Jennifer L and Hoffman Matthew B
Bought by
Hoffman Matthew B and Heinlein Jennifer L

Purchase Details

Closed on
Jun 21, 2018
Sold by
C & J New Ventures
Bought by
Hoffman Mathew B and Heinlein Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2015
Closed on
Jul 31, 2015
Sold by
Gaither James L and Gaither Martha
Bought by
C & J New Ventures
Seller's Agent
Pat Simmons
Bailey Properties
Buyer's Agent
Paul Locatelli
Christie's International Real Estate Sereno
List Price
$979,000
Sold Price
$995,500
Premium/Discount to List
$16,500
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Jul 28, 2011
Sold by
Gaither James L and Gaither Martha
Bought by
Gaither James L and Gaither Martha

Purchase Details

Closed on
Aug 28, 2009
Sold by
Gaither James L and Gaither Martha J
Bought by
Gaither James L and Gaither Martha

Purchase Details

Closed on
Apr 27, 2004
Sold by
Lamarca Ruth
Bought by
Gaither James L and Gaither Martha J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heinlein Jennifer L -- Old Republic Title Company
Hoffman Matthew B -- None Available
Hoffman Mathew B $1,200,000 First American Title Company
C & J New Ventures $995,500 First American Title Company
Gaither James L -- First American Title Company
Gaither James L -- None Available
Gaither James L $796,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heinlein Jennifer L $905,000
Previous Owner Hoffman Mathew B $900,000
Previous Owner Gaither James L $403,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2015 08/04/15 Sold $995,500 +1.7% $401 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $979,000 -- $395 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,748 $1,365,395 $967,155 $398,240
2023 $16,400 $1,312,375 $929,599 $382,776
2022 $16,046 $1,286,643 $911,372 $375,271
2021 $15,617 $1,261,414 $893,502 $367,912
2020 $15,351 $1,248,480 $884,340 $364,140
2019 $15,079 $1,224,000 $867,000 $357,000
2018 $12,969 $1,035,718 $671,578 $364,140
2017 $12,843 $1,015,410 $658,410 $357,000
2016 $12,491 $995,500 $645,500 $350,000
2015 $11,017 $860,475 $432,208 $428,267
2014 $10,003 $775,203 $389,376 $385,827
Source: Public Records

Agents Affiliated with this Home

  • Pat Simmons

    Seller's Agent in 2015

    Pat Simmons

    Bailey Properties

    (831) 334-9398

    11 in this area

    93 Total Sales

    Pat Simmons
    Section Image
  • Tyanne Scaletti

    Seller Co-Listing Agent in 2015

    Tyanne Scaletti

    Bailey Properties

    (831) 234-8004

    11 in this area

    91 Total Sales

    Tyanne Scaletti
    Section Image

  • P

    Buyer's Agent in 2015

    Paul Locatelli

    Sereno Group

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81469225

MLSListings

APN: 054-561-18-000

California Santa Cruz County Aptos 95003 Rio del Mar

119 Farallon Ct, Aptos, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes